Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Markets not happy with results !
Moving up nice and slow, surprised in the lack of input here
5% blue finish ,was distracted Today with the buying at gdr as more pick up shares as Mid February draws closer
like how weir share price moving up more ,another good start to this week .
Ticking up some more ,looking like a strong week here at weir getting distracted with watching gdr so many buyers moving in there again Today as it looking like more people wanting to be holding that share before mid month .like how weir starting of this week ,like a blue start to a week
looking strong again Today .
Multinational engineer Weir Group (WEIR) helped the Liontrust UK Growth fund to outperform at the end of last year and managers Anthony Cross and Julian Fosh are positive about the sale of its oil and gas division.
Weir’s shares rose 19% during December, boosting the returns of the £609m portfolio. Despite falling 8.3% in 2020, the fund was still ahead of the FTSE All-Share, which slipped 9.8%.
At the end of the year, the group announced it had won a £95m contract to supply aftermarket components and services to a mine in western Australian and, further cementing its place in the mining industry, agreed to sell its oil and gas business.
‘The company also confirmed that the $405m sale of its oil and gas division to Caterpillar is expected to complete in the first quarter of 2021 rather than during 2020,’ said the Citywire AA-rated managers.
‘Following the sale, Weir will be focused on providing highly engineered technology to the mining industry.’
Weir’s shares closed down 0.6%, or 11p, at £19.25 yesterday. The stock has slipped just over 3% so far this year.
Too busy counting money to chat?
Last chat 3rd Nov ???
nice buying , up 3.53%
Literally BOOOM. Well done all, lobster tonight !
Well Kalan Hope you kept Weir on your Volcano watch. Couldn't be more wrong BOOoooM . Excellent company active management. With the mining sector set to rocket.
"can't see the rally today lasting - the deflation word is being used more"
so much for expert opinions on this board, idiots like you scaremongering when price is low. LMFAO
Got WEIR on watch volcano - it multibagged after the last crisis. Exposed to oil and gas - particularly USA and mining. It could repeat - however see the other posts as they were planning to get out of oil and gas - so this time it may be different - keeping my powder dry for quite a bit longer yet - can't see the rally today lasting - the deflation word is being used more and more often. Waiting for some clarity.
mail on Sunday Midas extra tip.
I think with China v the US and Brexit most things are a strong buy!
Made some nice volume wins on existing portfolio this last few weeks - keeping it real as always! Hope all is good with you.
Chart looking very positive with a break of the downtrend. 123 low (higher low onto higher high) and a trendline break.
Strong buy, imo.
BBC News report that the legal challenge to U.K. fracking has been defeated.
Weir are a big maker of fracking equipment - must be at a moderate read across to Weir’s prospects.
What a difference a week makes! :-( Weir has gone all negative over the past 7 days. I was sitting on a 12%+ profit at 1800p and now the profit is down to below 5%. Still think this share is currently undervalued with all but 1 broker forecasting share going above 2000p. Only Numis were neutral on Weir with a forecast of 1800p.
Brent over $86 with Majors looking to start new projects in oil and natural gas.
Weir a hedge against a Brexit stimulated fall in Sterling.
Weir the perennial rumoured take-over target especially at current exchange rates.
Suddenly the market has sniffed the coffee.
Cheers.
There have been several multi-million pound trades, including a buy of over £20m of shares! Up over 3% today and hoping the rises will continue...
...so the current posturing around a no-deal Brexit scenario will only make it a more attractive stock especially if backed up by first UK fracking and the increase in the price of oil after the sanctions on Iran.
I guess Weir must be seen as one of those stocks which provide a hedge against Brexit uncertainties....much of their revenue isn’from overseas and not denominated in sterling, so will be relatively uneffected by any sterling slide.
Credit Suisse say now is the time to move into oil field services which should show a steady three years of growth from now on. All looking good for the market for many of Weir''s products and services. Brent Crude Oil at $69 tonight.
Well done Pipk Weir has more than met your prediction. By the way In an interview with the Financial Times, the CEO of Shell said the companiy's growth of both oil and gas revenues will depend on shale development over the next 10years. Must be good for the frack pump side of Weir's production.
See a 5 % lift here in next 4 weeks. May drop initially but looking good.